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25 Apr 2025

Thai Economy

At its April 30 meeting, the MPC may cut its interest rate by 0.25%, with at least one more reduction likely in 2H25 (Business Brief No.4149 Full Ed.)

คะแนนเฉลี่ย
  • At its April 30, 2025, meeting, the Monetary Policy Committee (MPC) may cut its policy interest rate by 0.25 percent to 1.75 percent due to the economic impact of the late-March earthquake, heightened economic risks from US tariff hikes, the global economic slowdown, lower-than-expected tourist arrivals from China and South Korea, and weakening domestic economic momentum.
  • For the rest of the year, KResearch expects the MPC to implement at least one more policy rate cut in 2H25, aligning with Thailand’s anticipated significant economic slowdown. This outlook reflects possible lingering uncertainty around US reciprocal tariffs.
  • However, the timing of further rate cuts may largely depend on upcoming economic figures, as the MPC signaled that this rate reduction does not mark the start of an easing cycle. The MPC likely aims to maintain monetary policy space to cushion future economic uncertainties while also awaiting the potential impact of additional fiscal stimulus measures that may provide some support to Thailand’s economy.

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Thai Economy